Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
ALTA EQUIPMENT GROUP INC. reported Three months ended June 30, 2023 results: revenue Total revenues of $468.4 million, net income Net income of $1.7 million available to common stockholders, EPS Basic and diluted net income per share of $0.05. Guidance reaffirmed.
- Period
- Three months ended June 30, 2023
- Revenue
- Total revenues of $468.4 million
- Net income
- Net income of $1.7 million available to common stockholders
- EPS
- Basic and diluted net income per share of $0.05
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
Total revenues increased 15.2% year over year to $468.4 million • Construction and Material Handling revenues of $281.5 million and $169.1 million, respectively • Newly introduced reporting segment, Master Distribution, with revenues of $21.4 million • Product Support revenues increased 19.1% year over year with Parts Sales increasing to $71.3 million and Service Revenues increasing to $59.7 million • New and Used Equipment sales grew 17.2% to $254.6 million • Net income of $1.7 million available to common stockholders compared to $5.4 million in 2022 • Basic and diluted net income per share of $0.05 for 2023 compared to $0.17 in 2022 • Adjusted basic and diluted net income per share* of $0.19 for 2023 compared to $0.26 for 2022 • Adjusted EBITDA* grew 20.5% to $49.9 million, compared to $41.4 million in 2022 • Reaffirmed 2023 Adjusted EBITDA guidance of between $180 to $188 million
View on SEC.gov